UNIT 3: PU

Apuntes

UNIT 3: PUBLIC SECTOR 2nd year Degree in BA Spanish Economy 2024/2025 1 Basic reference: García Delgado, J.L. and R. Myro (dirs.) (2023). Lecciones de Economía Española, chapter 15. Thomson Reuters – Civitas. Main source of figures: Op. cit. UNIT 3: PUBLIC SECTOR 3.1 The role of the public sector in modern economies 3.2 Delimitation and organisation of the public sector 3.3 Regulations 3.4 The finances of public administrations 2 1 The role of the public sector in modern economies 3.1 The role of the public sector in modern economies  The public sector is a key piece in modern developed economies and consequently, in the Spanish economy of the early 21st century.  In recent decades, the public sector has been subjected to profound transformations and it has triggered broad controversies.  It grew spectacularly in relation to national income for the three decades following the Second World War throughout Europe, in response to society's redistribution demands and with the tail wind of Keynesian ideas  It slowed down in the 1980s under the scepticism spread by liberal schools of thought, although it has hardly fallen in size. 4 3.1 The role of the public sector in modern economie...